South Asia will need 2,705 new airplanes by 2042: Boeing forecast

Hyderabad: South Asia, including India, will need 2,705 new airplanes by 2042. American aircraft manufacturer Boeing forecasted that the South Asia region will become the fastest-growing commercial aviation market with more than 8 per cent annual traffic growth over the next 20 years.

Supported by a strong economy, India’s rapidly expanding middle class will drive growth in regional air travel.

Boeing’s Commercial Market Outlook (CMO), which is an annual forecast of 20-year demand for commercial airplanes and related services, found that carriers will require more than 2,700 new airplanes to address growth and fleet replacement in the next 20 years.